The pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline down.
A descending movement down to the next support line at 83034.230000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 84990.220000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Bearish Engulfing’ candlestick pattern is discovered. The candles show ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
Support & Resistance | Price Range* |
---|---|
3rd High | 87728.270000000 |
2nd High | 86100.000000000 |
Next High | 84990.220000000 |
Current Price | 84695.650000000 |
Next Low | 83034.230000000 |
2nd Low | 78969.580000000 |
3rd Low | 78464.360000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing